Because the entire insurance underwriting and issue process begins (and sometimes ends) with the application, it is critical that the agent involved in taking the application gathers information that is as complete and as accurate as possible. Listed below are a number of statements relating to the role of the agent and the insured in the application taking process: 1. It is the role of the agent to ask the applicant, and/or the life to be insured (if different from the applicant), every applicable question on the application form and to record the answers as he sees fit. 2. Within limits, the agent is expected to be the "expert" on what information is required for the underwriting department. 3. The applicant, and the life to be insured, are assumed to be "lay persons," unschooled in the world of insurance. 4. From a practical standpoint, and legally, the applicant and life to be insured are not entitled to rely upon the expertise of the agent for interpretation of the questions being asked on the application and an explanation of the nature of the answers expected. 5. If the head office underwriters are to be expected to do their jobs properly, the answers provided to them must be precise and unambiguous 6. incomplete or inaccurate information on the application could result either in coverage being declined where circumstances actually warranted it being issued The following answers are correct: Select one: 2.3.5 & 6 b. 1, 2, 3 & 4 C. 1,2,3 & 5

Because the entire insurance underwriting and issue process begins (and sometimes ends) with the application, it is critical that the agent involved in taking the application gathers information that is as complete and as accurate as possible. Listed below are a number of statements relating to the role of the agent and the insured in the application taking process: 1. It is the role of the agent to ask the applicant, and/or the life to be insured (if different from the applicant), every applicable question on the application form and to record the answers as he sees fit. 2. Within limits, the agent is expected to be the "expert" on what information is required for the underwriting department. 3. The applicant, and the life to be insured, are assumed to be "lay persons." unschooled in the world of insurance. 4. From a practical stand point, and legally, the applicant and life to be insured are not entitled to rely upon the expertise of the agent for interpretation of the questions being asked on the application and an explanation of the nature of the answers expected. 5. If the head office underwriters are to be expected to do their jobs properly, the answers provided to them must be precise and unambiguous 6. incomplete or inaccurate information on the application could result either in coverage being declined where circumstances actually warranted it being issued The following answers are correct: Select one: a. 2,3,586 b. 1.2.3.8.4 c. 1.2.38.5